Rt Hon David Evennett, MP for Bexleyheath and Crayford, has welcomed the announcement that the Government is taking action to reduce maximum stakes on Fixed Odds Betting Terminals (FOBTs) to better protect consumers and communities.
The Department for Digital, Culture, Media and Sport published a 12-week consultation on stake reduction, alongside a package of measures that will strengthen protections around online gambling and gambling advertising. Following the consultation, the Government plans to reduce maximum stakes on FOBTs from £100 to between £50 and £2.
Mr Evennett commented: “I welcome the review on the maximum stake for FOBTs and feel the stakes need to be reduced. This is definite progress to a more appropriate limit on FOBTs”.
“We must strike the right balance between socially responsible growth and protecting the most vulnerable in society”.